Over 75% of companies use a form of financing when gaining equipment. And why not? It’s a perfect way to save money without compromising the quality of work.
Financing construction equipment is better than using cash. And regardless of market conditions, any size construction company will benefit.
ELFA members find that construction equipment is in the top five most-financed equipment type. The demand for equipment is growing. Secure your assets by financing your construction equipment.
Want to know all the ways you can benefit?
Then keep reading! These are the top 5 reasons to consider construction equipment financing!
1. The Financial Solutions Are Flexible
Companies offer a variety of leases and loans for equipment financing. The leases can cover landscaping equipment, woodworking equipment, and even medical equipment. It can also cover trailers and trucks for commercial use.
Companies can also tailor them to fit your specific cash flow, accounting, or tax needs.
2. It Preserves Your Capital
Every business owner will experience a cash flow shortage at some point. Equipment financing allows you to keep your working capital open. That way, you can use any spending cash for other expenses.
You need money to make money after all.
Plus, there’s no risk if the asset doesn’t increase efficiency or produce cost savings. Even if it doesn’t yield the return desired or have any future sales.
Use financing to avoid uncertainty.
3. Financing Improves Expense Planning
Financing your construction equipment can earn your tax advantages. And depending on the option you go with, you’ll be able to have consistent budgeting.
Lock in your payments for the expected life of the asset or lease it, and get a lower expense for the expected time of use. Any option keeps your business from your budget looking like a rollercoaster.
4. You’ll Gain Business Cycle Flexibility
Unexpected expenses are a guarantee with any business. Life happens. Don’t let finances stress you out.
Certain construction equipment financing leases have seasonal business buffers. You can get lower monthly payments while the project is starting. Even before the equipment generates any revenue.
This will take a load off your shoulders.
5. Guaranteed Up-To-Date Technology
Get the most efficient and effective tools for your project with equipment financing. Without having to worry about up-front costs.
And get the best deals on things like landscaping equipment and woodworking equipment. Construction equipment financing companies are equipment experts. They’ll steer you in the right direction!
They’ll also know the best ways to dispose of old or broken equipment. That’s another hassle taken off your hands!
Reap the Benefits of Construction Equipment Financing
All-Pro Financing is here with individualised financing, flexible terms, and complementary refinancing solutions!
What are you in the market for? Construction equipment? Woodworking equipment? Or some landscaping equipment?
All Pro Financing has you covered! They have it all!
Contact us today for a free quote and get financing as unique as you!